Question

The item that receives the most weight in the BEACON credit scoring system is A. the...

The item that receives the most weight in the BEACON credit scoring system is

A.

the total amount of credit.

B.

the amount of credit used each month.

C.

credit payment history.

D.

credit use.

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Answer #1

C Credit payment history

BEACON credit scoring system is used to measure credit worthiness of an individual. It is based on some complex algorithm.

While all the above factors (A, B, C & D) impact individual's credit score; the most important factor for BEACON credit score is credit payment history of individual.

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